--- title: "HSN Code for Other Compounds with Nitrogen Function - Isocyanates | HSN 29291090 GST Rate" description: "Find HSN and GST Rates for 29291090 related to Other Compounds with Nitrogen Function - Isocyanates with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29291090/" --- # HSN Code 29291090: Other Compounds with Nitrogen Function - Isocyanates - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2929: Compounds with other nitrogen function](https://busy.in/hsn/sub-chapter-2929/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29291090 ? It includes Other Compounds with Nitrogen Function - Isocyanates ### Can we claim ITC on inputs used to trade Other Compounds with Nitrogen Function - Isocyanates? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Other Compounds with Nitrogen Function - Isocyanates? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Other Compounds with Nitrogen Function - Isocyanates is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Compounds with Nitrogen Function - Isocyanates; Nil for exempt items if applicable). ### How much GST applies to Other Compounds with Nitrogen Function - Isocyanates? Under HSN 29291090, Other Compounds with Nitrogen Function - Isocyanates attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Other Compounds with Nitrogen Function - Isocyanates? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ## India's trade performance: HSN Code 29291090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹72 Cr (−28.23% YoY) — 0.0020% of India's total exports - Imports: ₹1,637 Cr (+15.27% YoY) — 0.0269% of India's total imports - Trade balance: −₹1,565 Cr (Deficit); surplus rank #12364 of 12657 HSN codes - Share of Sub-Chapter 2929: 34.39% of its exports; import side 55.30% - Rank within Sub-Chapter 2929: #2 of 10 by export value; import-side #1 ### Key metrics - Export CAGR: 1.98% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3109 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +99.83% in FY 2021-22 - Contribution to Sub-Ch. 2929: 34.39% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29291090 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2929 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2929 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 64.02 | 0.0028% | — | 10.57% | 1,380.20 | 0.0385% | — | 62.86% | −1,316.18 | #2542 | | FY 2019-20 | 64.46 | 0.0029% | +0.69% | 13.08% | 955.77 | 0.0285% | −30.75% | 65.20% | −891.31 | #2555 | | FY 2020-21 | 46.25 | 0.0022% | −28.25% | 9.26% | 912.23 | 0.0313% | −4.56% | 58.74% | −865.98 | #3060 | | FY 2021-22 | 92.42 | 0.0029% | +99.83% | 20.08% | 1,261.93 | 0.0276% | +38.33% | 57.37% | −1,169.51 | #2528 | | FY 2022-23 | 84.90 | 0.0023% | −8.14% | 20.69% | 1,529.66 | 0.0266% | +21.22% | 52.93% | −1,444.76 | #2764 | | FY 2023-24 | 100.34 | 0.0028% | +18.19% | 26.75% | 1,420.41 | 0.0253% | −7.14% | 57.91% | −1,320.07 | #2572 | | FY 2024-25 | 72.01 | 0.0020% | −28.23% | 34.39% | 1,637.36 | 0.0269% | +15.27% | 55.30% | −1,565.35 | #3109 | - CAGR (7-year): exports 1.98%/yr, imports 2.89%/yr (consistently Deficit) ## Key trade insights: HSN Code 29291090 export-import analysis ### Consistent export growth: 1.98% CAGR over 7 years India's exports under HSN Code 29291090 have grown at a compound annual rate of 1.98% over 7 fiscal years, rising from ₹64.02 Crore in FY 2018-19 to ₹72.01 Crore in FY 2024-25. ### HSN Code 29291090 ranked #3109 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29291090 ranks #3109 out of 12657 HSN codes by total export value. Within Sub-Chapter 2929, it ranks #2 of 10. By trade surplus, it ranks #12364 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29291090 exports The strongest single-year export movement for HSN Code 29291090 was recorded in FY 2021-22, when exports surged by 99.83% over the prior year. ### India records a trade deficit of ₹1,565.35 Crore in HSN Code 29291090 goods In FY 2024-25, India's imports of ₹1,637.36 Cr exceeded exports of ₹72.01 Cr, resulting in a trade deficit of ₹1,565.35 Crore — ranking #12364 of 12657 by surplus magnitude. ### Import growth of 2.89% CAGR signals stable import dependency for Other Compounds with Nitrogen Function - Isocyanates India's imports under HSN Code 29291090 have grown at 2.89% CAGR, reaching ₹1,637.36 Crore in FY 2024-25. ### HSN Code 29291090 contributes 34.39% of Sub-Chapter 2929 exports — ranked #2 Among the 10 HSN codes under Sub-Chapter 2929, HSN Code 29291090 ranks #2 by export value — accounting for 34.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 55.30% share (rank #1). ## Related HSN Codes in Sub-Chapter 2929 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29299090: Other Compounds with Nitrogen Function](https://busy.in/hsn/hsn-29299090/) | ₹116 Cr | | #2 | HSN Code 29291090: Other Compounds with Nitrogen Function - Isocyanates (this hsn code) | ₹72 Cr | | #3 | [HSN Code 29291020: Toluene Di-Isocyanate](https://busy.in/hsn/hsn-29291020/) | ₹14 Cr | | #4 | [HSN Code 29291010: Phenyl Isocyanate](https://busy.in/hsn/hsn-29291010/) | ₹6 Cr | | #5 | [HSN Code 29299060: Phosphoramidic acid, diethyl, dimethylester](https://busy.in/hsn/hsn-29299060/) | ₹1 Cr | | #6 | [HSN Code 29299050: Diethyl phosphoramidate](https://busy.in/hsn/hsn-29299050/) | < ₹1 Crore | | #7 | [HSN Code 29299010: N,N-Diethylphosphoramidic Dichloride](https://busy.in/hsn/hsn-29299010/) | < ₹1 Crore | | — | [HSN Code 29299020: Of a capacity of 50 l or more : Trunks and cases](https://busy.in/hsn/hsn-29299020/) | Nil | | — | [HSN Code 29299030: N,N-Dipropylphosphoramidic Dichloride](https://busy.in/hsn/hsn-29299030/) | Nil | | — | [HSN Code 29299040: N,N-Dimethylphosphoramidic Dichloride](https://busy.in/hsn/hsn-29299040/) | Nil |